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The great financial crunch: How the pandemic sank Indian states

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BENGALURU : Financial year 2020-21 was catastrophic for the finances of most Indian states, which were in any case already reeling from an economic downturn over the past few years.

The pandemic decimated collections from conventional revenue sources, while stretching the states’ expenditure on healthcare.

This, coupled with a significant delay on the Centre’s part in disbursing states their share of taxes has pushed many of them to the brink.Against this backdrop, the recent budgets presented by state governments for the forthcoming fiscal year can be interpreted as a response to the carnage of the past year, as well as charting a new course toward financial stability and recovery.

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pandemic Coronavirus
COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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